Due date extended GSTR-9 & GSTR-9C to till 12 February by Rajasthan High Court HIGH COURT OF JUDICATURE FOR RAJASTHAN JODHPUR D.B. Civil Writ Petition No. 1805/2020 Tax Bar Associati... Read more
Key Highlights of Budget 2020 (Announcements) Budget Income Tax Announcements Income Tax Rate 10% income tax rate for Income between 5,00,000.00 -7,50,000 Rupees 15% income tax rate for Inco... Read more
Petty Offences and Crpc Petty Offense Mean: A minor crime and for which the punishment is usually just a small fine or short term of imprisonment- Example- Traffic violations under Motor Ve... Read more
Income deemed to accrue or arise in India As per section 9 of Income tax Act 1961 the following incomes are treated as incomes deemed to have accrued or arisen in India:- Income Received fro... Read more
Scope of assessment under section 143(1) Income Tax Assessment under section 143(1) of IT Act is like preliminary checking of the Income Tax Return. At this stage no detailed scrutiny... Read more
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs The Government has brought in the Taxation Laws (Amendment... Read more
Important Articles of Indian Constitution Article-5-to-11 Provision of Indian Citizenship (Article-5-to-11-in-hindi ) Article 12 –35 (Part-III) of Fun... Read more
Marine Insurance Insurance law is a popular word for the general public. Insurance law is regulation of the business of insurance, insurance policies, claim handling and especially with rega... Read more
Mainly two benefits are available :- Section 80TTB of the Income Tax law Section 80TTB of the Income Tax law gives provisions relating to tax benefits available on account of interest income... Read more
Who is covered by tax audit ? FAQ deals with Income Tax Audit Provisions in India. As per section 44AB, following persons are compulsorily required to get their accounts audited:- A person... Read more
